Westmount Acquires Texas Multifamily Community
- Apr 23, 2020
Westmount Realty Capital has acquired River Park, a 280-unit garden-style multifamily community in southwest Forth Worth, Texas.
The 27-building community is located at 3309 River Park Drive, providing convenient access to Interstate 20, Highway 183, Bryant Irvin Road and Chisholm Trail Parkway.
Developed in the 1980s on a 9.8-acre site, the property is situated near the employment hubs and entertainments districts of downtown Forth Worth. Additionally, the community is nearby to Trinity Trails, Texas Christian University and shopping centers, including The Shops at Clearfork and University Park Village.
River Park offers residents a mix of one- and two-bedroom units, featuring stainless-steel appliances and patios with additional storage, in select units. Residential amenities include a courtesy kitchen, business center, fitness center, complimentary coffee bar and two on-site laundry centers. Additional amenities include a fire pit, bar area, swimming pool, dog park, grills and outdoor pavilion with a flat screen television.
Westmount plans to complete interior and exterior renovations, including the addition of 60 covered parking spaces, new community package locker system, outdoor Wi-Fi, pool furnishings and updating the clubhouse.
Last year, Westmount entered the Arizona market with the acquisition of a 154-unit Class B property.